Goldman Sachs grabbed headlines yesterday, sticking with its view that gold will be lower by the end of December as the economy improves. In today’s Morning Newsletter, Hedgeye CEO Keith McCullough spelled out exactly why we are taking the other side of GS and sticking with our bullish call on gold.
We maintain that #InflationAccelerating will continue to weigh on consumers and a growth miss will warrant easier policy on the margin.
CLICK HERE for more on why you should stay long gold with Macro Analyst Ben Ryan.
In today’s poll we asked: Do you agree with Goldman Sachs’ bearish call on gold?
At the time of this post, 77% voted they disagreed with GS, 23% agreed with GS bearish call on gold.